MARTIN LEWIS, the Money Saving Expert, appeared on Good Morning Britain today to share his latest money saving advice. This morning, he discussed the impending deadline for submitting a PPI claim.

Martin Lewis is widely considered a financial guru, having founded the website MoneySavingExpert.com. These days, the 46-year-old regularly appears on the small screen, advising viewers on ways that they can save money. Today, the journalist featured on the ITV show Good Morning Britain, with the main topic of discussion being Payment Protection Insurance (PPI), during his segment. So, what does Martin have to say about the mis-selling of PPI?

And, it seems that entering the claim needn’t cost the earth, as the Money Saving Expert star explained: “There are free tools online which can help you.

“The official rule is you only need to keep the paperwork for six years.”

Martin went on to warn viewers that they should keep a copy of all paperwork when making a substantial financial move.

Whether it’s stored digitally or you keep the paper version doesn’t matter, Martin insisted, but he did explain keeping a record is important, in case a different case of mis-selling is unveiled in the future.

“We don’t know what the mis-selling scalding will be in 20 years time,” he said.

"If you don’t have the paperwork, you don’t have to get it back from the bank after six years.”